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Helping explain concepts to clients One core value of practicing real estate is knowing as much about the home buying and selling process as...
For the last year, we have been covering the government loan modification program called Home Affordable Modification Program (HAMP) and long ago labeled it...
I don’t know about you, but I am on the verge of a breakdown. Why? Because I am so frustrated with the lending institutions...
Today, Move, Inc. announces their newest acquisition, MortgageMatch.com. Retail mortgage banking company, Cornerstone Mortgage in Houston, TX (founded in 1988) is now doing business...
This evening I received this forwarded email (below). It was from a local lender who sent it out, then it was forwarded to me....
After already receiving several high profile investments into their “mortgage savings” company, Home-Account this week announced a sizable investment from personal finance site Bills.com,...
In 2007, the FDIC seized only 3 banks, in 2008 they shut down 25, and in 2009, 130 banks failed! We’re only finishing out...
Change in attitude? Today, Bank of America announced that it will introduce “principal forgiveness” which will look to reduce loan balances of qualifying distressed...
Best cities for borrowers Today, Forbes released their list of top 10 best cities for borrowers, noting that in the top performing metro areas,...
Too many chiefs? With the housing crisis still heated and stabilization seemingly wishful thinking, 2010 will continue to be the year of finger pointing...
CMBS Loans in trouble The total dollar amount of distressed Commercial Mortgage-Backed Securities (CMBS) will skyrocket to double the current number to hit $60...
A historic era This year has already proven to be a news filled year for the Federal Housing Authority (FHA) as the real estate...
HUD steps it up Earlier this month, the Housing and Urban Development Department which oversees the Federal Housing Administration stepped up their effort to...
Foreclosures rise As the number of foreclosure filings hit historic highs, studies and statistics show staggering results. Of the 130.6 Million housing units in...
HAMP considered a failure It has been a rocky road for the Obama Administration as their Home Affordability Modification Program (HAMP) comes under fire...
Fannie Mae makes their move The lending industry has had a historic year so far as the landscape changes, the government changes policies and...
Big changes Thus far in 2010, the lending scene and real estate sector have experienced rapid change with news coming out making it look...
An ever changing scenery We’re certainly still in uncertain times and after six months of increasing demand for mortgage applications, this week, the Mortgage...
Have you heard the latest news in lending? I had heard about it a bit here and there, but never by name. I had...